It doesn't look like you're following Luc's method here. His strategy is to wait until the price goes below a base, when there's a panic and a sharp dive down in price. In this case it looks like you're buying right at the base and hoping it will turn around there.

I should know, I've done this plenty. Just be careful not to get burned trying to predict where a price will go. What's great about Luc's technique is there's very little guessing involved - the price is so deflated by the time he buys, there's built-in upward pressure for it to recover.